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Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber

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Taxi-sharing app maker Uber has been promised $1 billion in investment from companies including Toyota, Denso, and SoftBank Vision Fund.

The new funds will help accelerate the development and commercialization of its ridesharing services, says Uber in a statement.

Under the terms, Toyota and Denso will together invest $667 million and SVF will invest $333 million, valuing the new “Uber Advanced Technologies Group” entity at $7.25 billion on a post-money basis. [Read more…] about Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber

DoCoMo and Itochu to trial IoT solution for delivery fleet management in the US

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NTT DoCoMo and Itochu Logistics are planning to trial an internet-of-things solution for delivery fleet management in the US.

The system uses devices compatible with low-power, wide-area LTE-M technology to enable delivery businesses to visualize the status of outsourced trucks in their fleets.

The trial will begin in the United States on May 1, 2019. [Read more…] about DoCoMo and Itochu to trial IoT solution for delivery fleet management in the US

Denso to Invest $1.6 bn in automotive electrification

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Denso is to invest approximately 180 billion yen (US$1.6 billion) over three years – from FY2018 to late FY2020 – to support development and production of electrified automotive products, systems and technologies.

To accelerate business execution around electrification, Denso is establishing the Electrification Innovation Center at its plant in Anjo, Aichi, Japan, in May 2020.

The centre will conduct advanced R&D, develop and test prototypes, and launch mass produce newly developed automotive electrification products, systems and technologies.

[Read more…] about Denso to Invest $1.6 bn in automotive electrification

Nidec to buy Omron’s automotive business for $890 million

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Industrial components giant Nidec has agreed to acquire Omron’s automotive business, formally called “Omron Automotive Electronics”.

The two companies do not appear to have released the financial details of the agreement, but Nikkei is reporting that Nidec will pay $890 million for the company.

The share transfer will be executed after obtaining necessary approval and satisfying other conditions. It is projected to occur by the end of October.  [Read more…] about Nidec to buy Omron’s automotive business for $890 million

BMW and DXC partner to accelerate development of autonomous driving

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DXC Technology has reached an agreement to support BMW’s autonomous vehicle development through the automaker’s “High Performance D3” platform.

DXC provides services that help to provide and simplify data analysis and train the necessary algorithms to reduce the time and cost of developing autonomous vehicles.

The BMW Group High Performance D3 platform supports the company’s own autonomous vehicle development program and gathers enormous amounts of road driving data from the global BMW research and development fleet.  [Read more…] about BMW and DXC partner to accelerate development of autonomous driving

Car2MEC connected driving tests concluded

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Local cloud computing (Multi-access Edge Computing – MEC) is a key enabling technology for connected driving, specifically for driving safety.

It is vitally important that the industries involved in connected driving work closely together to turn the concepts into sustainable business for all parties involved.

These are the main conclusions of the Car2MEC project after two years of intensive trialling and testing by Continental, Deutsche Telekom, Fraunhofer ESK, MHP and Nokia on the A9 motorway digital test track in Germany.

[Read more…] about Car2MEC connected driving tests concluded

Daimler and NewMotion team up on electric vehicle charging solutions for fleet customers

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Daimler AG is cooperating with NewMotion B.V., one of Europe’s leading providers of charging solutions, enabling Mercedes-Benz in Germany and Athlon to offer an all-in solution from a single source to fleet customers.

This comprehensive, modular package offers tailor-made solutions for all charging requirements and range of services relating to vehicle charging, from advice and installation to operation of the charging points.

These include charging stations at business locations, home charging stations for employees and access to public charging points.

[Read more…] about Daimler and NewMotion team up on electric vehicle charging solutions for fleet customers

Alstom to equip Indian metros with control and signalling solutions

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Alstom is to equip Mumbai Metro lines 2A, 2B and 7, and Pune Metro lines 1 and 2, with Urbalis 400, Alstom’s latest generation of Communications Based Train Control (CBTC) technology.

The contract for Mumbai Metro, awarded by Delhi Metro Rail Corporation Ltd (DMRC), is to provide the CBTC signalling system as well as a state-of-the-art telecommunication system for the three elevated lines. The combined lengths of lines 2A, 2B and 7 make it one of the most extensive signalling projects in the country.

The signalling scope includes design, manufacture, supply, installation, testing and commissioning of Urbalis 400 and includes supply and commissioning of on-board equipment for 63 trains.

[Read more…] about Alstom to equip Indian metros with control and signalling solutions

ABB shows expanded charging portfolio at Hannover

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At this year’s Hannover Messe, ABB showcased its latest future proof e-mobility solutions, with the new compact DC Wallbox and recently launched Terra 54 DC fast charger.

Designed to meet the demands of an increasingly connected and sustainable society, ABB’s DC Wallbox and Terra 54 offer an output range of up to 920V, ensuring they can support all existing 500V battery EVs, plus the next generation of high-voltage electric vehicles.

Both are part of the ABB AbilityTM portfolio of connected solutions, enabling authentication, integration with back offices and payment platforms, monitoring, remote diagnostics and repair, as well as over-the-air updates and upgrades.

[Read more…] about ABB shows expanded charging portfolio at Hannover

ABB charges Hannover Messe’s first emission-free shuttle service

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Visitors to Hannover Messe 2019 have been experiencing electric transportation in action with the installation of the fair’s first sustainable hybrid electric bus service.

Running from 1 to 5 April, Hannover Messe attracts some 220,000 visitors from around the world, this year, visitors are being transported around the site on a new emission-free hybrid shuttle bus, powered by ABB’s high-power chargers.

ABB‘s High-Power 300PD OppCharge system powers a Volvo Hybrid bus shuttling guests around the world’s biggest exhibition space, which spans 26 halls and pavilions.

[Read more…] about ABB charges Hannover Messe’s first emission-free shuttle service